Medient Studios Inc. (fka MDNT)

[michaelstl]

I understand. But the money for these phases will not come from the Authority. They have merely authorized the issuance of a taxable loan to finance this project. They are not going to give the money to the company for these phases. They are simply giving the company a land lease, plus incentives like tax credits, roads etc. The majority of the money for this project will have to come from the company itself.